TechFlow news: On January 28, the U.S. Securities and Exchange Commission (SEC) website disclosed the U.S.-listed equity holdings of Orient Harbour’s overseas fund—managed by Dan Bin—for Q4 2025. The data shows that as of end-2025, Orient Harbour held 10 U.S.-listed stocks, with a total market value of $1.316 billion—over RMB 9.1 billion—representing a slight increase from approximately $1.292 billion at the end of Q3 2025. During Q4 2025, Orient Harbour adjusted its U.S. equity portfolio to a notable extent, sharpening its focus on U.S. tech giants.
In Q4, Orient Harbour fully exited positions in Coinbase, Netflix, Astera Labs, BitMine Immersion Technologies, Broadcom, and TSMC. Notably, Google replaced NVIDIA as Orient Harbour’s top holding. For several prior quarters, NVIDIA had been Orient Harbour’s largest position. In Q4 2025, Orient Harbour increased its stake in Google by approximately 40.55%; combined with Google’s nearly 29% share price gain during the quarter, this significantly boosted Google’s weight in the portfolio—far exceeding its stake in NVIDIA. As of end-2025, Orient Harbour’s market value of Google holdings stood at approximately $406 million, accounting for roughly 31% of its total U.S. equity portfolio. (Jinshi)
